Millennials Do Quite Well in Seattle
Salary survey puts millennials here near the top
November 24, 2020
Millennials make more money in Seattle than in almost any United States city.
Seattle ranks No. 3 in millennials salaries, according to a report from Hire A Helper, a company that connects moving companies and customers.
Adjusted for cost-of-living, the median income for millennials employed full-time in the Puget Sound region is $51,727, which is almost $10,000 higher than the national average of $42,000. Unadjusted, the average millennial salary in Seattle is $58,400.
Silicon Valley, ranks No. 1 with an adjusted median salary of $60,201, and the San Francisco Bay Area, is No. 2 with an adjusted median salary of $53,191.
Despite millennials having higher average salaries in Silicon Valley and San Francisco, the cost of living in Seattle is much lower only 2.9% above the national average. San Franciscos cost of living is 31.6% higher and Silicon Valley’s is 29.4% higher.
Millennial home ownership is also low in cities with higher millennial salaries. Seattle has a millennial home ownership rate of 36.3%. This is just below the national average for millennials, which is 39.9%, and much lower than the overall national average of 64.6%.